British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its sales,

As JD Sports posted an increase in sales and profit for the six months to August, one of its largest brand partners, Nike reported its biggest drop in sales since the pandemic. But chief executive Régis Schultz said Nike's troubles have little to do with its performance as he maintains

By Sarah Young LONDON (Reuters) -British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts, it said on Wednesday, after its multi-brand strategy boosted half-year results even as the Nike brand is struggling.

JD Sports Fashion confirmed its outlook after it reported an increase in revenue and profit for its fiscal first half and said it was continuing to bolster its presence in the U.S.